Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AdaptHealth Corp shares valued at $315,250 were purchased by Rietkerk Shaw on Dec 19 ’24. At $9.70 per share, Rietkerk Shaw acquired 32,500 shares.
Also, Clemens Jason A sold 35,000 shares, netting a total of over 327,250 in proceeds. Following the sale of shares at $9.35 each, the insider now holds 420,719 shares.
Before that, JASON A CLEMENS &BIANCA S VITA had added 35,000 shares to its account. In a trade valued at $327,408, the Officer bought AdaptHealth Corp shares for $9.35 each.
As published in a research note from Jefferies on January 08, 2024, AdaptHealth Corp [AHCO] has been rated down from a Buy to a Hold and the price target has been revised to $8 from $14.50. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early November. As of May 10, 2023, Stifel has decreased its “Buy” rating to a “Hold” for AHCO. Earlier on May 10, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for AHCO stock which previously was a “a Buy”.
Analyzing AHCO Stock Performance
During the last five days, there has been a drop of approximately -3.48%. Over the course of the year, AdaptHealth Corp shares have jumped approximately 1.89%. Shares of the company reached a 52-week high of $9.87 on 01/02/25 and a 52-week low of $9.52 on 01/02/25. A 50-day SMA is recorded $10.00, while a 200-day SMA reached $10.33. Nevertheless, trading volume fell to 0.68 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for AdaptHealth Corp (AHCO)
According to the 24-hour chart, there is a support level at 9.52, which, if violated, would cause prices to drop to 9.35. In the upper region, resistance lies at 9.87. The next price resistance is at 10.05. RSI (Relative Strength Index) is 47.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 56.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
